Ethereum liquid restaking protocols experienced a staggering increase in total value locked (TVL), soaring from $284 million to $17.26 billion in 2024, marking a nearly 6,000% rise. This surge is driven by the growing utility of liquid restaking tokens (LRTs), which enhance capital efficiency in decentralized finance (DeFi).Ether.fi dominates the LRT market, holding over 50% of the TVL with $9.17 billion, attributed to its user-friendly restaking model that simplifies complex operations. However, the rise of LRTs also introduces risks, including price volatility and potential losses from network failures.